Sillars Lettings Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC396254 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

SILLARS LETTINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R H G Sillars

Mrs S J Sillars

SECRETARY:

Mrs S J Sillars

REGISTERED OFFICE:

Abbothill Cottage

By Ayr

Ayrshire

KA6 6AQ

REGISTERED NUMBER:

SC396254 (Scotland)

ACCOUNTANTS:

McLay, McAlister & McGibbon (Ayr) Ltd

19 Wellington Square

Ayr

Ayrshire

KA7 1EZ

FIXED ASSETS

Tangible assets

3

100,582

100,582

CURRENT ASSETS

Debtors

4

783

789

Cash at bank

3,764

4,918

4,547

5,707

CREDITORS

Amounts falling due within one year

5

117,225

117,205

NET CURRENT LIABILITIES

(112,678

)

(111,498

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,096

)

(10,916

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(12,098

)

(10,918

)

SHAREHOLDERS' FUNDS

(12,096

)

(10,916

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018 and were signed on its behalf by:

R H G Sillars - Director

1.	STATUTORY INFORMATION

Sillars Lettings Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparation

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company finances its activities with the support of its parent company. The directors are satisfied that this

support will continue to be provided for the foreseeable future. The accounts have therefore been prepared on

the going concern basis.

Turnover

Turnover represents net value of services supplied.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2016

and 30 September 2017

100,582

NET BOOK VALUE

At 30 September 2017

100,582

At 30 September 2016

100,582

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Other debtors

783

789

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

-

1

Amounts owed to group undertakings

114,751

114,751

Other creditors

2,474

2,453

117,225

117,205

6.	RELATED PARTY DISCLOSURES

At the balance sheet date a balance of £114,751 (2016 - £114,751) was owed to parent company, R & S Sillars

Ltd.

7.	ULTIMATE CONTROLLING PARTY